Enssolutions Group Announces Filing of Second Quarter Interim Financial Statements and MD&Aadmin
Enssolutions Group Announces Filing of Second Quarter Interim Financial Statements and MD&A
Toronto, Ontario CANADA, November 04, 2013 /FSC/ – Enssolutions Group Inc. (ENV – TSX Venture, NSLSF – OTC_Pink),(“Enssolutions” or the “Company”), a manufacturer and distributor of an environmentally responsible emulsion product for a wide variety of industrial and commercial market demands, is pleased to announce the filing of its Condensed Consolidated Interim Financial Statements for the three and nine months ended September 30, 2013 and the comparative 2012 quarter along with Management’s Discussion and Analysis.
Commenting on the results, Phil Moruzi, Interim CEO of Enssolutions said, “Our revenues were above the comparative 2012 period supporting our continued focus on direct sales efforts in both the United States and throughout Canada and provide evidence of the increasing awareness and desire for our product.”
Certain of the Company’s financial results for the three month periods ending September 30, 2013 and 2012 are presented in the table below.
30, 2013 30, 2012
Revenues 836,881 692,421
Operating (Loss) (107,410) (45,001)
Net (Loss) Income (127,780) 44,145
Basic and Diluted Loss
per Share .01 .01
Assets 1,250,528 1,315,790
Liabilities 948,313 1,296,022
Shareholders’ Equity 302,215 (597,925)
Darren Dierich, Chief Financial Officer further commented,
“With our continued focus on increasing revenues in both the US and Canada we remain hopeful to continue a trend of increasing sales throughout 2013.”
The Company’s Consolidated Interim financial statements and MD&A for the quarter ended September 30, 2013 are available at www.sedar.com.
Enssolutions manufactures, distributes and applies environmentally responsible products to meet a wide variety of industrial and commercial market demands. Enssolutions provides engineered environmental solutions for mine tailings control, process dust and erosion control, granular stabilization, road construction/maintenance and stockpile sealing. It has production facilities in Beamsville, Ontario and Glendale, Arizona that service some of North America’s largest mining, steel, cement, and road construction/maintenance companies as well as numerous public road authorities.
For more information on Enssolutions, please visit www.enssolutions.com.
Certain information in this news release constitutes forward-looking statements. When used in this news release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company’s current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company’s public disclosure documents. Many factors could cause the Company’s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
For Further Information:
Darren Dierich, Chief Financial Officer
t: (623) 934-6767 Ext: 103
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF, please click on the following link:
Source: Enssolutions Group Inc. (TSX-V ENV) http://www.enssolutions.com
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Posted: November 4th, 2013 under FSCWIRE.